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..Summary: Mygale with its expanding presence in international motorsport agrees to ..supply their next generation M-11 Formula 3 chassis to potential Canadian Formula ..3 Championship race teams.

AVAILABLE FOR IMMEDIATE RELEASE:

Magny-Cours, Nevers, France / July 21, 2010 – Mygale and the Canadian Formula 3 Championship is proud to announce a Technical Partnership in chassis supply to any eligible Canadian Formula 3 race team. Mygale will provide an extensive spares package for its aerodynamically efficient Mygale M-11 chassis, coupled with trackside technical support as standard for all Mygale customer race teams.

Mygale’s vast experience in manufacturing over 700 race cars and with 700 victories in various open wheel, single seater racing formulas proves to be an invaluable asset for the Canadian Formula 3 Championship to have, hence the constructor is one of the most important Technical Partners for the Series. Mygale is looking forward to expanding into another Formula 3 franchise and building upon its recent Formula 3 successes with 14 podiums and 5 victories last year, (2009).

Founded by Bertrand DeCoster in 1989, Mygale specializes in the design and manufacturing of single seater, open cockpit, racing chassis for multiple classes of formula racing. Based at the ultra modern and perfectly smooth Formula 1 spec. Circuit de Nevers Magny-Cours in France, Mygale is in the unique position to take full advantage of the track’s superior characteristics to produce chassis’ with exceptional aerodynamic efficiencies and competitive advantages over its rivals. (www.mygale.fr)

About Canadian Formula 3 Championship, Inc.

Based in Montréal, Québec, Canada – Canadian Formula 3 Championship, Inc. (CF3) is the premier open-wheel/cockpit, single-seat racing formula in the Canadian Motorsports Arena. The series is designed to provide the best possible platform for new up-and-coming prospects to enhance the global talent pool with the next generation of ‘groomed’ Canadian motor-racing stars. (www.formula3.ca)